REI Lense

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$2,483 (target)

11 Chiming Rd, New Castle, DE 19720

3 beds • 2 baths • 1650 sqft

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This property looks like a bad Long-Term investment with a projected -4.9% first-year return on $70,308 initial cash invested.

-4.9%

Cash On Cash

5.79%

Cap Rate

0.91

DSCR

$2,483

Rent

-$287

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,483 income − $2,770 expenses = $287 out of pocket

Income$2,483Out of Pocket$287Mortgage P&I$1,77972%Property Taxes$2189%Insurance$1285%Management$24810%CapEx$1245%Vacancy$1496%Maintenance$1245%

Investment Breakdown

|

Purchase Price

$335k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$70,308

Downpayment

20%

$66,960

Closing costs

1%

$3,348

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,483

Total Expenses

$2,770

Mortgage P&I

72%

$1,779

Property Taxes

9%

$218

Home Insurance

5%

$128

HOA

0%

$0

Property Management

10%

$248

CapEx

5%

$124

Vacancy

6%

$149

Maintenance

5%

$124

Other

0%

$0

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